James Gernetzke Sells 5,682 Shares of Exodus Movement (NYSEAMERICAN:EXOD) Stock

Exodus Movement, Inc. (NYSEAMERICAN:EXODGet Free Report) CFO James Gernetzke sold 5,682 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $7.35, for a total value of $41,762.70. Following the completion of the transaction, the chief financial officer directly owned 463,988 shares of the company’s stock, valued at approximately $3,410,311.80. This trade represents a 1.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Exodus Movement Stock Up 1.5%

Shares of NYSEAMERICAN EXOD opened at $7.41 on Friday. The firm’s 50-day moving average price is $6.01 and its 200-day moving average price is $7.15. The company has a market cap of $223.78 million, a PE ratio of -2.46 and a beta of 2.02. Exodus Movement, Inc. has a 52-week low of $4.57 and a 52-week high of $32.92.

Exodus Movement (NYSEAMERICAN:EXODGet Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported ($0.62) earnings per share for the quarter. Exodus Movement had a negative net margin of 79.87% and a negative return on equity of 36.07%. The company had revenue of $26.23 million for the quarter. As a group, equities research analysts anticipate that Exodus Movement, Inc. will post -1.46 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of EXOD. Vontobel Holding Ltd. boosted its holdings in Exodus Movement by 9.3% during the 4th quarter. Vontobel Holding Ltd. now owns 15,266 shares of the company’s stock valued at $226,000 after acquiring an additional 1,295 shares during the period. Vident Advisory LLC grew its position in Exodus Movement by 10.8% in the 4th quarter. Vident Advisory LLC now owns 22,881 shares of the company’s stock valued at $338,000 after acquiring an additional 2,229 shares during the last quarter. Royal Bank of Canada increased its stake in Exodus Movement by 42,971.4% in the fourth quarter. Royal Bank of Canada now owns 3,015 shares of the company’s stock worth $44,000 after purchasing an additional 3,008 shares during the period. Bank of New York Mellon Corp increased its stake in Exodus Movement by 20.2% in the first quarter. Bank of New York Mellon Corp now owns 24,526 shares of the company’s stock worth $159,000 after purchasing an additional 4,124 shares during the period. Finally, Invesco Ltd. lifted its position in shares of Exodus Movement by 52.8% during the fourth quarter. Invesco Ltd. now owns 15,722 shares of the company’s stock worth $233,000 after purchasing an additional 5,436 shares during the last quarter.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Benchmark cut their price target on Exodus Movement from $21.00 to $12.00 and set a “buy” rating for the company in a research note on Monday, July 20th. Zacks Research upgraded shares of Exodus Movement from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 14th. BTIG Research cut their price objective on shares of Exodus Movement from $20.00 to $16.00 and set a “buy” rating for the company in a research report on Tuesday, May 12th. Cantor Fitzgerald lifted their target price on Exodus Movement from $14.00 to $15.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Northland Securities set a $8.50 price objective on Exodus Movement in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $15.92.

Read Our Latest Stock Report on Exodus Movement

Exodus Movement Company Profile

(Get Free Report)

Exodus Movement, Inc is a software company focused on developing user-friendly tools for managing digital assets. Its flagship product, the Exodus Wallet, is a non-custodial cryptocurrency wallet available on desktop and mobile platforms. The wallet enables users to secure, send, receive and exchange a broad range of digital currencies while retaining full control of their private keys. With built-in portfolio tracking and an integrated exchange feature powered by third-party liquidity providers, Exodus offers a one-stop interface for both newcomers and experienced crypto enthusiasts.

Since its initial release in mid-2016, Exodus has expanded support to over 100 cryptocurrencies and tokens, including major assets such as Bitcoin, Ethereum and Litecoin as well as numerous ERC-20 tokens.

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Insider Buying and Selling by Quarter for Exodus Movement (NYSEAMERICAN:EXOD)

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